Browse > Home / Bank of Japan, Interest Rates / No surprises there: BOJ leaves interest rates as is

No surprises there: BOJ leaves interest rates as is

April 10, 2007
By Ken Worsley


On Tuesday, The Bank of Japan’s policy board decided to leave benchmark interest rates unchanged at 0.5 percent, as economists had expected, after having doubled the rate to 0.5 percent in February. The BOJ’s nine Policy Board members unanimously reached the decision at the end of a two-day meeting, and issued a statement saying that the bank, “Will encourage the uncollateralized overnight call rate to remain at around 0.5 percent.”

This month was even less exciting than last month’s meeting. Expect it to be much of the same in May. We’re predicting the earliest hike in interest rates could be after the Upper House elections in July, and might come in August, before the Diet has a chance to raise the consumption tax - unless further political pressure is applied on behalf of that move.

Filed Under Bank of Japan, Interest Rates 

Social Bookmarks:
del.icio.us:No surprises there: BOJ leaves interest rates as is digg:No surprises there: BOJ leaves interest rates as is newsvine:No surprises there: BOJ leaves interest rates as is furl:No surprises there: BOJ leaves interest rates as is reddit:No surprises there: BOJ leaves interest rates as is
Related Posts:
Bank of Japan leaves interest rates unchanged
Ron Paul on consumer prices and artificially low interest rates
Bank of Japan holds interest rates steady, Fukui wants to keep you guessing
Japan not banning cash any time soon
Hiroko Ota Speaks Up on BOJ’s Policy Stance

Comments

One Response to “No surprises there: BOJ leaves interest rates as is”

  1. Trans-Pacific Radio on April 11th, 2007 6:45 pm

    TPR News: April 11, 2007…

    On Tuesday, The Bank of JapanÂ’s policy board decided to leave benchmark interest rates unchanged at 0.5 percent, as economists had expected, after having doubled the rate to 0.5 percent in February….

Got something to say?